Inc. Inc. in its US$40 million Series B financing

Client Inc.


US$40 million


Emerging and High Growth Companies

Date Closed

February 2019

Lead Office



On February 20, 2019, Inc. ( announced the closing of its oversubscribed US$40 million Series B Round to accelerate the global growth of its carrier-grade connected car solutions. This was the final close of’s Series B Round which saw several strategic investors participate throughout closings in 2018.  The round was led by Kensington Capital Partners and attracted new strategic investments from Assurant, Bosch and T-Mobile. All major investors from previous rounds participated again, including the Amazon Alexa Fund, BDC IT Venture Fund, Deutsche Telekom Capital Partners and Relay Ventures., Inc.,  is a cloud-based connected car platform, headquartered in Vancouver, British Columbia, and has been ranked the second fastest-growing tech company in Canada by Deloitte in 2018.

Kensington Capital Partners, headquartered in Toronto, Ontario, is a leading Canadian investment firm in alternatives assets, with over $1.1 billion invested to date in venture capital, private equity, hedge funds and infrastructure.

Osler, Hoskin & Harcourt LLP represented with a team that consisted of Mark Longo, Jacques Du Plessis, Jacob Young and Christina Brown (Emerging and High Growth, Corporate).